Baker Hughes' Big News: Is It a Smart Buy or a Risky Sell?
Energy equipment and services company Baker Hughes' (NASDAQ: BKR) second-quarter results produced a mixed reaction among investors. Just like its peer, , Baker Hughes served notice that lower oil and gas prices were curbing upstream and shale spending in North America.
However, there's a lot more to Baker Hughes than that, and the company beat estimates for the quarter and also raised the midpoint of its full-year guidance. What's going on, and is now the time to bail out of the stock or buy more?
It's no secret that the energy sector is a cyclical industry. High prices induce investment, which often causes overcapacity in the sector leading to a collapse in energy prices. A slump in investment follows, which causes under-capacity, and ultimately prices start rising again, so the cycle begins anew.
Source Fool.com
Halliburton Co. Stock
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
With a target price of 44 € there is a positive potential of 37.33% for Halliburton Co. compared to the current price of 32.04 €.
